SoFi Integrates Ripple XRP for 13.7 Million Customers

SoFi Technologies, a nationally chartered U.S. bank regulated by the OCC, has announced its support for XRP deposits for its 13.7 million customers. This move is part of the growing trend of institutional adoption in the cryptocurrency market.

The integration makes Ripple XRP available to SoFi's users, who can now deposit and trade the asset within their existing accounts. This adds to the list of supported assets, which already includes Bitcoin, Ethereum, and Solana.

Analysts believe that this could lead to a price increase, with some targeting $2.80. The 50-day moving average at $1.40 has flipped to support, indicating a potential break above $1.57 and opening the path to $2.80.

The invalidation level for XRP is set at $1.30, which would break the bullish structure and open a retest of sub-$1.00 levels if breached.